Glacier Bancorp (GBCI) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Insights - Glacier Bancorp (GBCI) is expected to report quarterly earnings of $0.59 per share, reflecting a year-over-year increase of 9.3% [1] - Anticipated revenues are projected to be $305.55 million, representing a 37% increase compared to the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 0.5%, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics - The consensus estimate for the Efficiency Ratio is 60.4%, slightly down from 60.5% a year ago [4] - Analysts estimate Non-accrual loans at $50.60 million, up from $20.45 million in the same quarter last year [5] - Total non-performing assets are expected to be $56.19 million, compared to $27.79 million reported in the same quarter last year [5] - Average Balances - Total earning assets are projected to reach $29.81 billion, up from $26.20 billion a year ago [6] - Total Non-Interest Income is expected to be $38.98 million, compared to $31.55 million in the same quarter last year [6] - Net Interest Income is anticipated to be $265.51 million, significantly higher than $191.44 million reported in the same quarter last year [7] - Gain on sale of loans is projected at $5.45 million, up from $3.93 million a year ago [7] - Net interest income (tax-equivalent) is estimated at $269.65 million, compared to $195.45 million in the same quarter last year [8] Stock Performance - Over the past month, Glacier Bancorp shares have increased by 6.9%, outperforming the Zacks S&P 500 composite, which saw a 2% change [8] - GBCI holds a Zacks Rank of 3 (Hold), suggesting its performance is likely to align with the overall market in the near term [8]